I borrowed $1500. A few days later I tried to make a payment of $300 toward the principal, and they refused to take it!
I wanted to send a check and they said it would take "weeks" to post! So on the first of the month (my due date), instead of paying the $500 payment, I paid $1200.
THEN they told me if I didn't pay the full loan off plus interest (another $1,078) on the first of the next month, I would have to STILL pay the more than $500 payment (only a sliver of which would go toward the loan principal)--and pay $500 for the next 8 months!).
I filed a formal complaint against this company. They are a "rent a tribe" outfit, so they won't have to abide by usury laws, and I would love to meet them in court!
Product or Service Mentioned: Blue Trust Loans Loan.